In 2018, Q1 Panyu’s Profit Was 837 Million NTD, Which Was A Decrease Of Nearly 50% Year-on-year
May 16, 2018
According to relevant data, due to shrinking panel demand and falling panel prices, the first quarter of 2018's net profit fell from TWD 1.83 billion in the same period last year to NT$ 873 million (US$ 29.35 million).
Earnings per share for the first quarter were 0.27 Taiwan dollars, the lowest level since the seven quarters. The average selling price for this quarter was $40, compared with $50 for the same period last year.
Shipments of small and medium size panels reached 109 million, a year-on-year decrease of 6.84%. Large-size panel shipments reached 600,000 units, an increase of more than 100%. At the same time, shipments of its own brand Hannspree TV reached 100,000 units during the quarter.
In the first quarter, mobile phone applications with panel sizes of 6 inches and below accounted for 61% of the company’s total revenue of NT$4.44 billion, tablet PCs with medium size panels accounted for 25%, and 11 inches and over sizes accounted for 14%.
